“Gold Buy Setup | Demand Flip with 3R Potential”

XAU/USD’s Gold Silver price has exhibited a notable increase from the demand zone of 3,230-3,234 after the price experienced a sharp decline amidst the liquidity grab. The price has shown strong rejection and bullish price action from this zone, which may potentially suggest an intent of smart money and change of order flow.

📈 Why This Zone Matters:

This area has facilitated as a damp for most of the previous upward movements and current candlestick patterns indicate that this area is being respected. Therefore, if price bounces from here, there is high probability that market participants or buyers will step in vigorously defending this zone which will strongly suggest a bullish price movement.

🎯 Trade Plan:

Entry Zone: 3,230 - 3,234

Stop Loss: 3,227 (Sturucture invalidation)

Take Profit:

TP1: 3,238 (first reaction zone)

TP2: 3,241 (liquidity zone nad prior high)

⚠️ Invalidation Point:

If price drops below 3,227 and holds below this threshold, the demand zone is deemed breached, ending the bullish premise. A reassessment will be necessary.